BTC Capital Management Inc. acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,071 shares of the electronics maker's stock, valued at approximately $529,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its stake in Amphenol by 10.5% in the 1st quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock worth $148,000 after buying an additional 214 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Amphenol by 1.3% in the first quarter. Parallel Advisors LLC now owns 22,294 shares of the electronics maker's stock worth $1,462,000 after acquiring an additional 288 shares during the period. Summit Global Investments grew its position in shares of Amphenol by 611.5% during the first quarter. Summit Global Investments now owns 68,435 shares of the electronics maker's stock worth $4,489,000 after purchasing an additional 58,816 shares in the last quarter. GAMMA Investing LLC raised its stake in Amphenol by 7,170.8% during the 1st quarter. GAMMA Investing LLC now owns 2,586,214 shares of the electronics maker's stock valued at $169,630,000 after purchasing an additional 2,550,644 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Amphenol by 8.6% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 29,245 shares of the electronics maker's stock worth $1,918,000 after purchasing an additional 2,319 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Stock Up 1.5%
NYSE APH traded up $1.34 during midday trading on Tuesday, hitting $91.70. 6,525,749 shares of the company traded hands, compared to its average volume of 7,484,160. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $92.28. The company's 50-day simple moving average is $75.17 and its 200-day simple moving average is $71.65. The company has a market cap of $110.92 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The company's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on APH shares. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, UBS Group boosted their price objective on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.38.
Read Our Latest Research Report on Amphenol
Insiders Place Their Bets
In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president now directly owns 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,478,500 shares of company stock valued at $268,690,805. Insiders own 1.67% of the company's stock.
Amphenol Company Profile
(
Free Report)
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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